WASHINGTON, July 7, 2010 -Telemedicine is one of the most concrete benefits of faster and more ubiquitous broadband access. The research firm Markets and Markets has just released a report detailing the expansion of telemedicine in the BRIC (Brazil, Russia, India, and China). The report found a fairly large growth of the market.
“The BRIC telemedicine market was at $200.5 million in 2009; and is expected to grow exponentially at a CAGR of 15.8% from 2009 to 2014. The telemedicine technology market segment forms the largest submarket of the overall BRIC telemedicine market and is expected to be $307.4 million by 2014 at a CAGR of 16.6% from 2009 to 2014. The services segment in the overall BRIC telemedicine market will reach $111 million in 2014 with a CAGR of 13.8%.”